47.5 F
Laguna Hills
Sunday, Mar 16, 2025
-Advertisement-

January Unemployment Up

OC’s unadjusted unemployment rate rose to 3.9% in January from revised 3.5% in December and below the 4.1% reported in the same period last year, the state Employment Development Department said.

Orange County employees totaled 1.57 million, a decline of 28,100 nonfarm jobs compared with December, as local retailers cut payroll by 7,000 after the holidays.

Professional and business services reported the second largest month-to-month decline with a loss of 5,600 jobs; some 65% of those losses were in administrative and support services, which includes temporary help firms.

Other employment decreases include government, down 4,600 jobs; leisure and hospitality, down 2,900; construction and manufacturing, down 2,300 each; and financial activities, down 2,100.

OC on a year-over-year basis in January added 16,800 jobs, led by 3,500 jobs in professional services for a total of 295,000, and 3,500 in leisure, which has 208,200. Manufacturing jobs fell 500 to 154,800.

Statewide, California’s unadjusted unemployment rate fell to 5.1% from 5.2% in December as the state added 9,700 nonfarm payroll jobs. The rate was 5.7% in January of 2016.

On a year-over-year basis, nine of the state’s eleven industry sectors added 338,200 jobs, led by education and health services, up 3.7%, and government, up 2.4%. Manufacturing jobs declined 0.4%, or 4,800 jobs, while mining and logging dropped 11%, or 2,900 jobs.

Statewide, 386,875 people received unemployment benefits in January, up from 367,944 in December and down from 410,293 in the same period last year.

The U.S. reported 4.8% unemployment in January compared with 4.7% in December.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-